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The Chinese National Bureau of Statistics released its consumer and producer price inflation data for China on Monday. The Chinese consumer price index (CPI) rose at annual rate of 2.3% in March, missing expectations for a 2.5% increase, after a 2.3% gain in February.
Food prices rose at an annual rate of 7.8% in March, while non-food prices increased 1.0%.
On a monthly basis, consumer price inflation decreased 0.4% in March, after a 1.6% rise in February.
The Chinese producer price index (PPI) dropped 4.3% in March, beating expectations for a 4.6% fall, after a 4.9% decline in February.
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